The Crisis In Europe Has Only Just Begun

[ljm2002]

7. Again: Any debt that CANNOT be paid...

...WILL NOT be paid.

The IMF recognizes that as it stands now, the Greek debt CANNOT be paid.

Furthermore, as usual, those who caused the situation (cough Blankfein cough) are rewarded while those who did not are feeling the boots on their collective throat.

Sorry your screeds about credibility are simply a convenient way to avoid seeing this situation clearly.

Yes, no one denies there was deception. That deception was engineered by Goldman Sachs. Yet no one anywhere seeks to punish them, or seeks restitution from them -- and they profited mightily from it.

Meanwhile Greece's economy tanks and the transfer of wealth continues upwards -- and the nation itself is to sell its patrimony to the private sector.

It is a textbook case of disaster capitalism. Yes the deception was bad, and Greece's (conservative) government was complicit. Big time. But now we need to look for different answers than collectively punishing the Greek population for something they did not do but rather, had done to them.